Difference between revisions of "Mississippi 529 plan archive"
Latest revision as of 01:41, 7 November 2017
|This page has been superseded by 529 plans by state. The information shown here is for historical purposes only and may be inaccurate.|
The Mississippi 529 plan archive page provides information on direct-sold 529 plans and highlights indexed portfolios. All information is derived from Savingforcollege.com and from 529 plan sites and disclosure documents. If you would like to compare this plan with other direct sold plans, use these Compare by Plan Name and Compare by Feature tools.
- Open to Residents
- Open to non-residents
|Program match on contributions:||none|
|State tax deduction or credit for contributions:||Contributions to a Mississippi MACS 529 savings plan of up to $10,000 per year for an individual taxpayer, and $20,000 per year for married taxpayers filing jointly, are deductible in computing Mississippi taxable income. Contribution deadline is April 15 of the following year.|
|State tax recapture provisions:||The principal portion of nonqualified withdrawals from this plan are included in Mississippi taxable income to the extent of prior Mississippi tax deductions. Rollovers apparently are not subject to recapture.|
|Age-based investment options:||The Managed Allocation Option contains six portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary’s age and later reassigned to more conservative portfolios as the beneficiary approaches college age.|
|Static investment options:||Diversified Equity Option, Fixed Income Option and the Guaranteed Option.|
|Expenses:||0.65% - 0.72%; None for the Guaranteed Option.|
|Policy Regarding Ownership Changes:||Accepts requests to transfer account ownership.|
The Mississippi 529 savings plan utilizes the age-based portfolios listed below. These portfolios are primarily indexed, with the exception of the following funds:
- Real Estate Securities
- Inflation-Linked Bond
- Short Term Bond
- Money Market
The Mississippi 529 savings plan utilizes the static multi-fund portfolios listed below.
| Diversified Equity Option
|Fixed Income Option
|TIAA Guaranteed Option|